Final consumption expenditure (current LCU), annual growth rate in Ghana
Ghana: Final consumption expenditure (current LCU), annual growth rate was 28.9 % change on previous year in 2024. ◆ Volatile
Latest (2024)
28.9 % change on previous year
Change on year
down 47.8%
World rank
16th
of 187 countries
All-time high
113.8 % change on previous year
in 1983
All-time low
-0.8578 % change on previous year
in 1967
Years of data
64
1961–2024
Final consumption expenditure (current LCU), annual growth rate in Ghana, 1961–2024
Source: Statizoid (derived). Measured in % change on previous year.
Analysis
Ghana recorded 28.9 % change on previous year for final consumption expenditure (current lcu), annual growth rate in 2024.
The figure is down 47.8% on the previous year and up 43.5% over ten years.
Over the whole period, final consumption expenditure (current lcu), annual growth rate in Ghana peaked at 113.8 % change on previous year in 1983 and was at its lowest, -0.8578 % change on previous year, in 1967.
That places Ghana 16th out of 187 countries with data for 2024, putting it in the top 10%.
The series is highly variable year to year, so single readings are best treated with caution.
Final consumption expenditure (current LCU), annual growth rate in Ghana, year by year
| Year | % change on previous year | Change |
|---|---|---|
| 1961 | 16.53 % change on previous year | — |
| 1962 | 2.5 % change on previous year | -84.9% |
| 1963 | 11.98 % change on previous year | +378.5% |
| 1964 | 8.41 % change on previous year | -29.8% |
| 1965 | 28.83 % change on previous year | +242.8% |
| 1966 | 4.01 % change on previous year | -86.1% |
| 1967 | -0.8578 % change on previous year | -121.4% |
| 1968 | 9.52 % change on previous year | -1209.5% |
| 1969 | 16.98 % change on previous year | +78.5% |
| 1970 | 10.86 % change on previous year | -36.1% |
| 1971 | 14.67 % change on previous year | +35.1% |
| 1972 | 8.94 % change on previous year | -39.0% |
| 1973 | 22.23 % change on previous year | +148.6% |
| 1974 | 40.09 % change on previous year | +80.4% |
| 1975 | 8.26 % change on previous year | -79.4% |
| 1976 | 30.84 % change on previous year | +273.5% |
| 1977 | 68.3 % change on previous year | +121.5% |
| 1978 | 100.45 % change on previous year | +47.1% |
| 1979 | 30.89 % change on previous year | -69.2% |
| 1980 | 54.56 % change on previous year | +76.6% |
| 1981 | 71.14 % change on previous year | +30.4% |
| 1982 | 19.37 % change on previous year | -72.8% |
| 1983 | 113.8 % change on previous year | +487.4% |
| 1984 | 45.75 % change on previous year | -59.8% |
| 1985 | 23.5 % change on previous year | -48.6% |
| 1986 | 50.4 % change on previous year | +114.4% |
| 1987 | 48.81 % change on previous year | -3.2% |
| 1988 | 38.7 % change on previous year | -20.7% |
| 1989 | 34.55 % change on previous year | -10.7% |
| 1990 | 35.73 % change on previous year | +3.4% |
| 1991 | 23.91 % change on previous year | -33.1% |
| 1992 | 23.01 % change on previous year | -3.8% |
| 1993 | 31.44 % change on previous year | +36.7% |
| 1994 | 25.26 % change on previous year | -19.7% |
| 1995 | 50.4 % change on previous year | +99.5% |
| 1996 | 43.58 % change on previous year | -13.5% |
| 1997 | 37.37 % change on previous year | -14.2% |
| 1998 | 14.84 % change on previous year | -60.3% |
| 1999 | 28 % change on previous year | +88.7% |
| 2000 | 29.06 % change on previous year | +3.8% |
| 2001 | 38.04 % change on previous year | +30.9% |
| 2002 | 27.76 % change on previous year | -27.0% |
| 2003 | 36.03 % change on previous year | +29.8% |
| 2004 | 20.36 % change on previous year | -43.5% |
| 2005 | 26.46 % change on previous year | +30.0% |
| 2006 | 84.96 % change on previous year | +221.1% |
| 2007 | 34.93 % change on previous year | -58.9% |
| 2008 | 32.98 % change on previous year | -5.6% |
| 2009 | 13.75 % change on previous year | -58.3% |
| 2010 | 31.15 % change on previous year | +126.6% |
| 2011 | 28.53 % change on previous year | -8.4% |
| 2012 | 20.69 % change on previous year | -27.5% |
| 2013 | 47.32 % change on previous year | +128.7% |
| 2014 | 20.14 % change on previous year | -57.4% |
| 2015 | 17.01 % change on previous year | -15.5% |
| 2016 | 18.01 % change on previous year | +5.9% |
| 2017 | 24.45 % change on previous year | +35.7% |
| 2018 | 11.94 % change on previous year | -51.2% |
| 2019 | 21.28 % change on previous year | +78.3% |
| 2020 | 12.6 % change on previous year | -40.8% |
| 2021 | 18.16 % change on previous year | +44.1% |
| 2022 | 31.22 % change on previous year | +72.0% |
| 2023 | 55.38 % change on previous year | +77.4% |
| 2024 | 28.9 % change on previous year | -47.8% |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1960s | 10.88 % change on previous year | -0.8578 % change on previous year | 28.83 % change on previous year | 9 |
| 1970s | 33.55 % change on previous year | 8.26 % change on previous year | 100.45 % change on previous year | 10 |
| 1980s | 50.06 % change on previous year | 19.37 % change on previous year | 113.8 % change on previous year | 10 |
| 1990s | 31.35 % change on previous year | 14.84 % change on previous year | 50.4 % change on previous year | 10 |
| 2000s | 34.43 % change on previous year | 13.75 % change on previous year | 84.96 % change on previous year | 10 |
| 2010s | 24.05 % change on previous year | 11.94 % change on previous year | 47.32 % change on previous year | 10 |
| 2020s | 29.25 % change on previous year | 12.6 % change on previous year | 55.38 % change on previous year | 5 |
Countries ranked near Ghana
- 13 Ethiopia 29.62 % change on previous year compare
- 14 Kyrgyzstan 29.21 % change on previous year compare
- 15 Haiti 28.92 % change on previous year compare
- 17 Lebanon 28.15 % change on previous year compare
- 18 Yemen 26.07 % change on previous year compare
- 19 Guyana 23.03 % change on previous year compare
More economy & growth data for Ghana
- Africa's Development Dynamics (AfDD) Table 04 - Annual real GDP 3.15 Percent per annum (2029)
- Africa's Development Dynamics (AfDD) Table 02 - Annual real GDP 5 Percent per annum (2029)
- Households and NPISHs Final consumption expenditure (current LCU) 29.71 % change on previous year (2024)
- Households and NPISHs Final consumption expenditure (current LCU) 11.78 current LCU per US$ of GDP (2024)
- Households and NPISHs Final consumption expenditure (current LCU) 28,507 current LCU per person (2024)
- Households and NPISHs Final consumption expenditure (constant 2015) 4.47 % change on previous year (2024)
- Households and NPISHs Final consumption expenditure (constant 2015) 0.7144 constant 2015 US$ per US$ of GDP (2024)
- Households and NPISHs Final consumption expenditure (constant 2015) 1,728 constant 2015 US$ per person (2024)
- Final consumption expenditure (current US$), annual growth rate 0.0397 % change on previous year (2024)
- Final consumption expenditure (current US$), per unit of GDP 0.8778 current US$ per US$ of GDP (2024)
Frequently asked questions
- What is final consumption expenditure (current lcu), annual growth rate in Ghana?
- Final consumption expenditure (current lcu), annual growth rate in Ghana was 28.9 % change on previous year in 2024, according to Statizoid (derived).
- What is the highest final consumption expenditure (current lcu), annual growth rate recorded in Ghana?
- The highest recorded value was 113.8 % change on previous year in 1983.
- What is the lowest final consumption expenditure (current lcu), annual growth rate recorded in Ghana?
- The lowest recorded value was -0.8578 % change on previous year in 1967.
- How does Ghana rank for final consumption expenditure (current lcu), annual growth rate?
- Ghana ranks 16th out of 187 countries with data for 2024.
- Is final consumption expenditure (current lcu), annual growth rate rising or falling in Ghana?
- Over the last ten years it is up 43.5%. The long-run trend across the full record is volatile.
- Where does this Ghana data come from?
- The figures come from Statizoid (derived), published as part of Final consumption expenditure (current LCU), annual growth rate. Statizoid updates them automatically from the source API.
Download this data
CSV · JSON — 64 observations, free to reuse under Derived by Statizoid from the sources named on the page.
How this figure is calculated
The year-on-year percentage change in Final consumption expenditure (current LCU). Computed from consecutive annual observations; years either side of a gap are skipped rather than bridged.
Computed from
- Final consumption expenditure Country official statistics, National Statistical Organizations and/or Central Banks
Statizoid computes this series; the underlying measurements belong to the publishers named above. The arithmetic is applied to every country and year where both inputs report, and nothing is estimated unless the page says so.
About this data
The year-on-year percentage change in Final consumption expenditure (current LCU). Computed from consecutive annual observations; years either side of a gap are skipped rather than bridged.